The WSJ is reporting that execs from Microsoft met with Yahoo in an effort to convince the company to accept their unsolicited bid.
The meeting, the first since Microsoft made its unsolicited offer Jan. 31, marks a breakthrough in communication between the two camps following Yahoo’s rejection of Microsoft’s offer last month.
Still, the meeting wasn’t a negotiation, and no bankers attended, these people said. The session was intended to allow Microsoft to present its vision of a combined company, and Yahoo executives mostly listened, one of the people said. No further talks have been scheduled.
Does this mean Yahoo is getting ready to accept the offer from Microsoft? Don’t hold your breath. Yahoo is holding similar meetings with News Corp, Time Warner, and Dow Jones and the WSJ can’t even confirm if Yahoo’s Jerry Yang or Microsoft’s Steve Ballmer were in attendance.
What do you think? Is this a sign Yahoo’s ready to consider Microsoft’s bid?